About Securities Lending

Market Vectors Exchange Traded Funds (ETFs) may lend securities to generate additional income which may help reduce expenses. All net proceeds earned by Market Vectors ETFs in the securities lending process are allocated to the applicable ETF after subtracting fees payable to the lending agent.

Securities lending is an established practice that involves the lending of securities from a lender (“Fund”) to a third-party (“Borrower”). In return, the Borrower posts collateral — typically cash or U.S. Government securities — in an amount equal to at least 102% of the value of the borrowed securities. Over the course of the loan term, the Fund will receive any interest or dividends on the securities loaned. Moreover, the Borrower will pay a fee, as well as any interest earned on the investment of the cash collateral.

The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under "Lending Portfolio Securities".

Securities Lending Summary

as of 02/28/15

Loan/Collateral Combinations and Collateral Levels

Loan Type

Collateral Level

Equities and Fixed Income

Domestic

102%

Foreign

105%

Important Details About Securities Lending

The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under Lending Portfolio Securities.

The Top 10 Collateral Holdings table relates to securities obtained as collateral under the securities lending program. The information displayed comes from the securities lending administrator and is not necessarily all inclusive.

The Securities Lending Summary table reflects year-to-date information. Securities Lending Return is calculated using net securities lending revenues to the Fund divided by the total net assets as of month end of the Fund. Average On-Loan is the average market value of securities on loan compared to the total net assets as of month end of the Fund. Maximum On-Loan is not to exceed 33%, but the daily percentage on loan figure may increase or decrease over time. Collateralization is the amount of collateral received for the securities on loan divided by the market value of the securities on loan.

Each Fund may lend up to 33% of its investments requiring that the loan be continuously collateralized by cash, U.S. Government or U.S. Government agency securities, shares of an investment trust or mutual fund, or any combination of cash and such securities at all times equal to at least 102% (105% for foreign securities) of the market value plus accrued interest on the securities loaned.

Important Disclosure

Van Eck Global only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

130-Day SEC Yield is calculated daily,
and is a standard yield calculation developed by the Securities and Exchange
Commission that allows for fairer comparisons primarily among bond funds. It is
based on the most recent 30-day period. This yield figure reflects the interest
earned during the period after deducting the fund's expenses for the period. It
does not reflect the yield an investor would have received if they had held the
fund over the last twelve months assuming the most recent NAV.
In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for Market Vectors Global Alternative Energy ETF would have been 0.22% on 03/30/2015.

2GEX Fees & Expenses: Van Eck Associates
Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses
to the extent necessary to prevent the operating expenses of the Fund
(excluding acquired fund fees and expenses, interest expense, offering costs,
trading expenses, taxes and extraordinary expenses) from exceeding 0.62% of the
Fund’s average daily net assets per year until at least May 1, 2015. During
such time, the expense limitation is expected to continue until the Fund’s
Board of Trustees acts to discontinue all or a portion of such expense
limitation. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

4IIV is an abbreviation for an
ETF's intraday indicative value; it is an estimated fair value of its holdings
based on the most recent prices of its underlying securities and other assets.
Intraday values are typically updated every 15 seconds and should closely
approximate the net asset value (NAV) of an ETF throughout the trading day. ETF
intraday values are calculated by an exchange (e.g., the NYSE Arca) and are
distributed through quote services.

For each fund with at least a
three-year history, Morningstar calculates a Morningstar Rating based on a
Morningstar Risk-Adjusted Return measure that accounts for variation in a
fund’s monthly performance (including the effects of sales charges, loads, and
redemption fees), placing more emphasis on downward variations and rewarding
consistent performance. The top 10% of funds in each category receive 5 stars,
the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5%
receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted
as a fraction of one fund within this scale and rated separately, which may
cause slight variations in the distribution percentages.) The Overall
Morningstar Rating for a fund is derived from a weighted average of the
performance figures associated with its three-, five- and ten-year (if
applicable) Morningstar Rating metrics.

An investment in the Fund may be subject to risks which include, among others, competitive pressure, obsolescence of technology, short product cycles, commodity price volatility, seasonal weather conditions, taxes, evolving legislation and regulatory environment, higher relative volatility to companies in more established industries, unconventional valuation methods, reductions to government subsidies, and limited operating histories, all of which may adversely affect the Fund. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund’s return. Small- and medium-capitalization companies may be subject to elevated risks. The Fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

"Ardour Global Indexes, LLC (SM)", "ARDOUR GLOBAL INDEX (Extra Liquid) (SM)", and ”ARDOUR - XL (SM)” are service marks of Ardour Global Indexes, LLC (SM) and have been licensed for use by Van Eck Associates Corporation. The product(s) is/are not sponsored, endorsed, sold or promoted by Ardour Global Indexes, LLC (SM) and Ardour Global Indexes, LLC (SM) makes no representation regarding the advisability of investing in the product(s). AGIXL is calculated by Dow Jones Indexes. Market Vectors Global Alternative Energy ETF (GEX), based on the AGIXL, is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and Dow Jones Indexes makes no representation regarding the advisability of investing in such product(s).

Index returns are not
Fund returns and do not reflect any management fees or brokerage expenses.
Investors can not invest directly in the Index. Returns for actual Fund
investors may differ from what is shown because of differences in timing, the
amount invested and fees and expenses. Index returns assume that dividends have
been reinvested.

The S&P 500® Index consists of 500 widely held
common stocks covering industrial, utility, financial and transportation
sector; as an Index, it is unmanaged and is not a security in which investments
can be made.

The “Net Asset Value” (NAV) of a Market Vectors Exchange
Traded Fund (ETF) is determined at the close of each business day, and
represents the dollar value of one share of the fund; it is calculated by
taking the total assets of the fund, subtracting total liabilities, and
dividing by the total number of shares outstanding. The NAV is not necessarily
the same as the ETF’s intraday trading value. Market Vectors ETF investors
should not expect to buy or sell shares at NAV.

Fund shares are not
individually redeemable and will be issued and redeemed at their NAV only
through certain authorized broker-dealers in large, specified blocks of shares
called "creation units" and otherwise can be bought and sold only through
exchange trading. Creation units are issued and redeemed principally in kind.
Shares may trade at a premium or discount to their NAV in the secondary market.
You will incur brokerage expenses when trading Fund shares in the secondary
market. Past performance is no guarantee of future results. Returns for actual
Fund investments may differ from what is shown because of differences in
timing, the amount invested, and fees and expenses.

Investing
involves substantial risk and high volatility, including possible loss of
principal. Bonds and bond funds will decrease in value as interest rates rise.
An investor should consider the investment objective, risks, charges and
expenses of the Fund carefully before investing. To obtain a prospectus
and summary prospectus, which contains this and other information, call
888.MKT.VCTR or visit marketvectorsetfs.com. Please read the prospectus
and summary prospectus carefully before investing.